US markets were closed for a holiday Monday, leaving equities and Treasury yields largely unchanged from Friday’s close. The Yen was the standout mover, hitting a seven-month high against the Dollar, while oil extended its climb toward $100 a barrel and gold slipped in quiet trading. Today’s calendar is light, though the return of US traders could stir volatility.
📊 Equities
US markets were closed for a bank holiday yesterday, resulting in relatively subdued trading conditions, particularly during the final session. Despite the lighter activity, global markets remain on alert as oil prices continued to push higher amid the ongoing conflict in the Middle East.
🛢️ Oil
Both major oil contracts moved higher again, with Brent crude now closing in on the key $100 a barrel level. WTI also continued to gain ground.
🥇 Gold
Gold drifted lower in relatively tight trading conditions.
💵 FX & Bonds
In FX, the Japanese Yen was once again the standout performer, strengthening to a fresh seven-month high against the US Dollar.
| Market | Change | Close |
|---|---|---|
| Dow Jones | -0.51% | 53,414 |
| S&P 500 | -0.38% | 7,718 |
| Nasdaq | -0.29% | 26,506 |
| US Dollar Index (USD) | -0.25% | 98.93 |
| US Treasury 2Y | +3.0 bps | 4.366% |
| US Treasury 10Y | +1.4 bps | 4.782% |
| Brent Crude | +0.75% | $97.00 |
| WTI Crude | +1.33% | $92.70 |
| Gold | -0.52% | $4,404.67 |
📌 Today’s Focus
The macroeconomic calendar remains relatively quiet today, although the return of US traders following the holiday, combined with any further geopolitical developments, could see volatility pick up across markets.
🔹 European Session – 11.15 – UK – Monetary Policy Report Hearings